From Reversal point "D" , the price has traveled as expect 226 and another 218 (low made 220)
Still valid pattern 238 and 243...
Look at Previous researc h:
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After a long time, I've used here Break-Down Strategy...
The Control Price is too far from the current price level.
The price is trading near the Value Low area which is near 11476 .
No Activity Zone is the upper side of the Control Price.
The Wave COUNTING: our wave counting direction is up-ward therefore, the...
This defined the 12798 area as critical short-term resistance. It is important to note that the stock reversed after the AB=CD completion point will test. Although the BC projection was an important calculation within the PRZ of the pattern, the completion of the equivalent AB=CD structure was the defining limit. The chart of the price action in the PRZ...
Quick reversals from Bat pattern PRZs are quite common.
The mid-point "B" at exactly 50% retracement.
Alternate 1.27AB=CD pattern.
BC projection @61.8%.
The price quickly reversal seen after "D".
Question of Harmonic Trader/Analyst is ,
Bat Or Gartley?
Why did birth to this question?
- The Gartley Pattern required point "B "50% and 1.27AB=CD ...
